Tobacco company Philip Morris International (PM), known for its iconic Marlboro cigarettes, is steadily shifting beyond the tobacco and nicotine segment and toward a smoke-free future through innovative products like iQOS and ZYN. After releasing its Q3 results, the company caught attention for raising its full-year guidance, signaling confidence despite some near-term headwinds.
For income investors, it’s easy to see why this stock has long been a favorite. Dividend-paying companies often offer stability and consistent cash flow, especially when markets get shaky. Philip Morris fits that bill perfectly. It has raised its dividend for over a decade, with its latest bump—a near 9% increase—bringing its yield close to 4%.
